Portland, Ore., May 10, 2011 — Iberdrola Renewables has extended and expanded an existing power purchase agreement with South Texas Electric Cooperative, the wholesale power provider to eight Texas electric cooperatives.
STEC will expand its existing 50 MW contract with Portland, Oregon-based Iberdrola Renewables to 100.8 MW and extend it to May 31, 2026.
The power from the contract comes from the Peñascal Wind Power Project located in Kenedy County, Texas. An original customer of the Peñascal project, STEC has been taking deliveries from the 201.6 MW project since May 19, 2009.
Iberdrola Renewables, Inc. is headquartered in Portland, Ore, with more than 850 employees at the end of 2010. It is part of the Iberdrola Renovables global group, the world's leading provider of wind power with more than 12,000 MW of renewable energy in operation around the world, and more than 4,600 MW of that wind power located in the U.S.
South Texas Electric Cooperative was formed in 1944 to provide wholesale electric power to member cooperatives. Presently the South Texas Electric Cooperative serves eight distribution cooperatives: Karnes, Wharton County, Victoria, Jackson, San Patricio, Nueces, Magic Valley and Medina electric cooperatives. These cooperatives provide service to over 170,000 members in 65 South Texas counties.